DSTi says Crdit Agricole Asset Management (CAAM) has bought a risk management application. DSTi claims the application delivers superior Value at Risk results through its unique Event Simulation Methodology.
“We have allocated significant resources to control functions which closely monitor risk at all levels,” states Herv Leclercq, Head of Risk, Performance, Control and Middle Office at Crdit Agricole Asset Management. “The modern technology of DSTi’s solution allows for high levels of cross-referencing. This gives us the opportunity to aggregate risk measures to any level of our organization.”
“Considering years ago the increasing need for quantitative risk measures and reporting of risk early on, CAAM is able to manage group-wide risks from a single central site,” adds Vincent Stefanovic, Business Development Manager for DSTi in Southern Europe. “This allows for a high level of integration and at the same time for an efficient use of technology and data.”